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Nkanga Tukoregye3 Group
In this Group: John, Stephen, Ronald, Joseph, Mark
Joseph is 46 years old and a member of Nkanga Tukoregye3 Group. He is a father of four children and he takes care of all of them. He is described as a courageous person because he has always found a way to provide for his family, despite his busy schedule working as a pharmacist. He has so many people coming to his pharmacy.

Joseph will use this loan to buy supplies such as medicine and gloves, among other things, for the pharmacy. He says that his dream is to improve the living conditions of his family and to be able to pay for a private practice so that he can provide better health services for the people in his community. He is hard working and thanks Kiva lenders for being supportive of his group.

Additional Information

More information about this loan

This loan is part of UGAFODE's program for clients who live in isolated rural areas with limited access to financial services. Uniquely, UGAFODE focuses its efforts on agricultural areas in Uganda that are over 50 km from their branches, providing loans to both groups and individual borrowers. The organization believes that the risk of offering services to remote clients is outweighed by the benefits to customers and their often underserved communities.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

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About Uganda

  • $1,500
    Average annual income
  • 416
    View loans »
    Uganda Loans Fundraising
  • $30,366,425
    Funds lent in using Kiva
  • 2,513.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Nkanga Tukoregye3 Group's $1,875 loan helped a member to buy pharmaceuticals.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015